Hi,
One of my friend working in one XYZ company. He signed a Bond (6 months completed) for 3 years(otherwise RS.3laks) and 3 months notice period for relieving.
Now the problem is he got good job from one MNC (with good CTC) and he wants to leave from current job and to join in New company....
He knows very well that, the Current employer may not relieve him if he is working notice period also (because he signed bond). But new employer (New HR) ready to take him without any Relieving & experience letter (they are saying only Resignation mail copy is enough).
He is in confusion that, New employer may terminate him in future if they dont want him bcz of this reason (joining without relieving order). and current employer may take some legel action because he is going to break the bond and Notice period....
Please tell me...what advice i can give it to him because he dont want to miss the New opportunity...
please reply ASAP, its urgent....
One of my friend working in one XYZ company. He signed a Bond (6 months completed) for 3 years(otherwise RS.3laks) and 3 months notice period for relieving.
Now the problem is he got good job from one MNC (with good CTC) and he wants to leave from current job and to join in New company....
He knows very well that, the Current employer may not relieve him if he is working notice period also (because he signed bond). But new employer (New HR) ready to take him without any Relieving & experience letter (they are saying only Resignation mail copy is enough).
He is in confusion that, New employer may terminate him in future if they dont want him bcz of this reason (joining without relieving order). and current employer may take some legel action because he is going to break the bond and Notice period....
Please tell me...what advice i can give it to him because he dont want to miss the New opportunity...
please reply ASAP, its urgent....
From India, Bangalore
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Looking at the bond amount (3 Lakhs) its not advisable to leave that company. Because once you have signed a legal bond and being significant amount of money the company might put you in legal issues.
Has this Bond issue discussed with new employer?
From India
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1Has this Bond issue discussed with new employer?
From India
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Hi Mr. Vilok Nandan,
he has discussed with New HR abut this bond (which is not carrying witness and surety. and no sign. from Current Company side in the bond.)
New HR said that, once he joins in his organization he will take care of all those things.
From India, Bangalore
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he has discussed with New HR abut this bond (which is not carrying witness and surety. and no sign. from Current Company side in the bond.)
New HR said that, once he joins in his organization he will take care of all those things.
From India, Bangalore
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Bond is entered into by a company to ensure its safety, i.e., to retain employees with the company for a specified bond period. This is because the company incurs expenses on training and development of employees and aims to avoid the regular process of recruitment and resignation. Therefore, it is not advisable to leave the company once you have signed a legal bond, as you are bound by the agreement with the company. Breaching this agreement could lead to legal issues and the company may seek to recover the bond amount. If necessary, you can discuss with HR the possibility of mutually agreeing to be relieved from the bond.
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Employer-PF-res trict to wages of Rs 6500.pdf